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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 2021 2020 2019 Sales 2018 2017 $734,862 $ 477,183 $ 384,825 $ 260,898 $ 194,700 Cost of goods sold 377, 180 244,863 199,411 134,708 Accounts receivable 99,297 35,494 27,820 26,361 15, 236 13,317 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Trend percent Trend Percent for Not Sales: Numerator: Denominator / 2021: 1 2020: 1 2019: 1 2018: 2017: is the trend percent for Net Sales favorable or unfavorable? % % % % % Trend Percent for Cost of Goods Sold: Denominator: Numerator: Trend percent 2021: % % % 2020: 2019: 2018: 1 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? %6 %